JD on Nostr: My 9yr old was asking me about bitcoin. In the conversation we compaired bitcoin to ...
My 9yr old was asking me about bitcoin. In the conversation we compaired bitcoin to the dollar and the differences. She stopped me and asked what inflation was. I gave her this very simple example. There r $4 total in the world. You clean dads car and thats worth $2. This water bottle, you really want, is worth $2. So you clean dads car, but before you buy the water bottle the gov prints $4 more. The water bottle is still worth half the money in the world, which now is $4. You only have $2. I asked her, so what happened? She sat thinking for about 30sec. Then her eyes got huge and she jumped out of her seat at me and yelled "THEY STOLE MY MONEY!!!" We'll get into the specifics later, but for now my 9yr old understands that Taxation and Inflation is theft. At the end of it she asked me "dad, but what is money?"
#bitcoin #grownostr #whatismoney #homeschooled
Published at
2024-02-22 17:16:10Event JSON
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"content": "My 9yr old was asking me about bitcoin. In the conversation we compaired bitcoin to the dollar and the differences. She stopped me and asked what inflation was. I gave her this very simple example. There r $4 total in the world. You clean dads car and thats worth $2. This water bottle, you really want, is worth $2. So you clean dads car, but before you buy the water bottle the gov prints $4 more. The water bottle is still worth half the money in the world, which now is $4. You only have $2. I asked her, so what happened? She sat thinking for about 30sec. Then her eyes got huge and she jumped out of her seat at me and yelled \"THEY STOLE MY MONEY!!!\" We'll get into the specifics later, but for now my 9yr old understands that Taxation and Inflation is theft. At the end of it she asked me \"dad, but what is money?\" \n#bitcoin #grownostr #whatismoney #homeschooled",
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